Rain Industries Balance Sheet Health
Financial Health criteria checks 3/6
Rain Industries has a total shareholder equity of ₹77.7B and total debt of ₹81.7B, which brings its debt-to-equity ratio to 105.3%. Its total assets and total liabilities are ₹200.1B and ₹122.4B respectively. Rain Industries's EBIT is ₹9.6B making its interest coverage ratio 1.4. It has cash and short-term investments of ₹22.0B.
Key information
105.3%
Debt to equity ratio
₹81.73b
Debt
Interest coverage ratio | 1.4x |
Cash | ₹21.97b |
Equity | ₹77.65b |
Total liabilities | ₹122.43b |
Total assets | ₹200.09b |
Recent financial health updates
No updates
Recent updates
Financial Position Analysis
Short Term Liabilities: 500339's short term assets (₹79.1B) exceed its short term liabilities (₹32.4B).
Long Term Liabilities: 500339's short term assets (₹79.1B) do not cover its long term liabilities (₹90.0B).
Debt to Equity History and Analysis
Debt Level: 500339's net debt to equity ratio (77%) is considered high.
Reducing Debt: 500339's debt to equity ratio has reduced from 162.5% to 105.3% over the past 5 years.
Debt Coverage: 500339's debt is well covered by operating cash flow (37.5%).
Interest Coverage: 500339's interest payments on its debt are not well covered by EBIT (1.4x coverage).